At the International Ukraine Recovery Conference (URC 25) in Rome, the Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group, announced new guarantees totaling €185 million for two projects aimed at strengthening Ukraine’s financial sector and improving access to financing for small and medium-sized enterprises (SMEs).
“MIGA’s guarantees are a key tool for reducing risks for foreign investors and banks operating in Ukraine. They help ensure the continuity of the financial sector, support lending to SMEs, and attract investments for Ukraine’s recovery and reconstruction. We are grateful to our international partners for their willingness to invest in Ukraine’s economy and support its development despite the challenges of wartime,” said Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine.
A €100 million guarantee has been issued to BNP Paribas S.A., and €85 million to ING Bank N.V., covering their investments in their Ukrainian subsidiaries. These guarantees will help reduce risk exposure on bank balance sheets and enable continued business lending.
The guarantees are provided through the SURE Trust Fund, leveraging private reinsurance at a ratio of 1 to 3.7.
“MIGA’s commitment to supporting Ukraine at this critical time reflects our goal to enhance the banking sector’s capacity to deliver commercial lending in the country,”
said Hiroshi Matano, Executive Vice President of MIGA. These guarantees will promote greater financial inclusion and empower communities—especially SMEs and women entrepreneurs—on their path to sustainable and resilient business growth.”
According to World Bank estimates, Russia’s war against Ukraine has inflicted $524 billion in damage to the Ukrainian economy. Recovery on this scale is impossible without private investment and solutions that minimize wartime risks for businesses. MIGA plays a vital role in this process by offering guarantees and insurance that create the conditions for active private sector involvement in Ukraine’s reconstruction.
Since Russia’s full-scale invasion in 2022, MIGA has issued $448 million in new guarantees for projects in Ukraine.
The Multilateral Investment Guarantee Agency (MIGA) was established in 1988 as part of the World Bank Group. It promotes foreign direct investment in developing countries by reducing risks related to currency transfer restrictions, government breach of contract, expropriation, war, and civil disturbance.
